S-Corporation

/Tag:S-Corporation

What is the Income Threshold for Going from Sole Proprietor to S-Corp?

By | August 9th, 2017|Categories: Small Business Tax and Accounting|Tags: , , |

I say it depends on your cash flow and whether or not you can afford to pay yourself a reasonable salary for the work you’re doing.

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When Should I Form an S-Corp?

By | May 4th, 2017|Categories: Small Business Tax and Accounting|Tags: , |

You should look at forming an S-corp when your net income from the business starts to approach the amount of a “reasonable salary” for the work you do.

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Glossary: C-Corporation

By | December 23rd, 2016|Categories: Glossary, Small Business Tax and Accounting|Tags: , |

A C-corporation is a tax term referring to one of two ways a corporation can be taxed.

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How are “B-Corporations” Taxed?

By | November 9th, 2016|Categories: Small Business Tax and Accounting|Tags: , , , |

This post will attempt to answer answer two questions: what is a B-corp, and how are they taxed.

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Is a Spreadsheet Appropriate for Corporate Bookkeeping?

By | July 18th, 2016|Categories: Potpourri of Tax Topics|Tags: , , , , |

Can a corporation use a spreadsheet instead of a traditional general ledger to keep the corporate books? There are certainly corporations that think they can. I know many of my tax and accounting brethren are shouting “NO!” In response to this question. My answer is more on the fence. It depends on what your corporation is up to.

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